Bitcoin's recent rally stalled at $100,000, triggering a sharp decline that pulled down altcoins considerably. Ethereum, XRP, DOGE, and major layer-1 tokens like ADA, AVAX, and LINK experienced double-digit losses, pushing the cumulative market capitalization of all crypto assets below $3.5 trillion. Bitcoin's market dominance rose to 54.6% as investors sought safety.
The BTC relief rally in the past few days was halted yesterday as the asset was stopped at $100,000 and pushed south hard.
As expected, the altcoins have suffered even more, with substantial price declines from the likes of LINK, AVAX, ADA, SUI, and many others.last week following the latest FOMC meeting. It dumped all the way from $108,000 to $92,000 in a matter of days. It bounced off on Friday and Saturday as the bulls drove it to almost $99,500.
However, it failed there and retraced hard once again at the start of the business week toward $92,000 once more. The bulls stepped up again at this point and initiated aThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Its market capitalization has declined to under $1.9 trillion on CG, while its dominance over the alts has increased to 54.6%.
Even more painful corrections come from the likes of ADA, AVAX, LINK, SHIB, HBAR, XLM, and DOT, with losses of up to 9%. AAVE has plummeted by 10%, and so have ONDO and HYPE. The cumulative market capitalization of all crypto assets has seen more than $100 billion gone and is down to $3.460 trillion on CoinGecko.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Bitcoin ALTCOINS Crypto Market Price Drop FOMC
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